Updated Oct 28, 2024
Starwood Property Trust Provides $98.4M Loan For Resort In Kissimmee, Orlando
8000 Fins Up Circle, Kissimmee, FL, USA
$98,390,000
Units
352
Asset Type
Development Site
Closing
Aug 31, 2021
About this deal
AI
An $98,390,000 loan has been secured for a resort located at 8000 Fins Up Cir in Kissimmee, Orlando. The property, which is owned by Encore Capital Management, is a notable asset in the market.
Summary of transation details
- Property Type: Resort
- Transaction Amount: $98,390,000
- Address: 8000 Fins Up Cir, Kissimmee, Orlando
- Lender: Starwood Property Trust - Barry S. Sternlicht
- Landlord: Encore Capital Management
- Broker: Concord Summit Capital
- Keys: 187
Barry S. Sternlicht, representing Starwood Property Trust, facilitated the loan for this transaction. Furthermore, Concord Summit Capital served as the broker involved in the deal.
On the Map
$98,390,000
Development Site
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Players
Kissimmee Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93